July 25, 2021
The Philippines’ credit rating by Standard & Poor went up a notch from BBB/ Stable to BBB+ Stable this May, the highest recorded in history. But what use are rising credit ratings if working people still receive paltry wages?
March 7, 2020
A substantially higher minimum wage is an important and doable step towards making economic growth genuinely inclusive. Millions of workers and their families will immediately benefit from a Php750 minimum wage in NCR which will only cost employers 8.9% of their profits.
December 6, 2019
September 8, 2019
Inflation is lower but food remains expensive amid declining real wages for many Filipinos.
December 5, 2018
On the release of the November 2018 inflation rate, research group IBON said that prices are still high and rising even with the reported slowdown. This remains a burden on poor families trying to live off low and precarious incomes. Substantial and longer-term solutions are still needed, said the group. Headline inflation slowed to 6.0% […]
November 16, 2018
The salaries of education workers are being battered by unprecedented rising prices, research group IBON said. The paltry increases, which even came in trickles under Executive Order 201, have already been eroded since they were applied in 2016, said the group. In a media forum, IBON executive editor and research head Rosario Bella Guzman said […]
November 7, 2018
October 26, 2018
“A large wage hike is also justified by growing worker productivity. Between 2009 and 2017, labor productivity in NCR grew by 35% from Php456,059 per worker to Php614,297. However, that same period, the real value of the mandated minimum wage only increased by 11% and of ADBP by 16%, both measured in real terms at […]
October 26, 2018
“NCR firms have more than enough profits to support a Php238 minimum wage hike. The latest data from the Philippine Statistics Authority’s (PSA) Annual Survey of Philippine Business and Industry (ASPBI) reports that NCR firms (with 20 and over employees) had combined profits of Php903 billion in 2015 while giving an average daily basic pay […]